MUNI-PROPERTY INTEREST Senate SponsorsSen. John J. Cullerton-Pamela J. Althoff-Susan Garrett House Sponsors(Rep. Timothy L. Schmitz) 7/7/2006SenatePublic Act . . . . . . . . . 94-1013 65 ILCS 5/11-74.4-4from Ch. 24, par. 11-74.4-4Amends the Municipal Code. Changes a Section that prohibits any member of a corporate authority of a municipality that is involved in a redevelopment project from acquiring an interest in any property located in the redevelopment area either after the individual obtains knowledge of the project or after the first public notice of the project, and requires that those members who own or control an interest in property located within the redevelopment project area disclose the terms of the interest and refrain from any further official involvement or communication regarding the redevelopment plan. Changes the exception for property purchased as the member's exclusive and primary residence by eliminating the requirement that the exception only applies to property interests in a redevelopment area, or a proposed redevelopment area, that was established before December 31, 1989. Effective immediately.House Amendment No. 1 Deletes everything after the enacting clause. Amends the Municipal Code. Allows a member of the corporate authorities of a municipality to acquire an interest in property located in a redevelopment area or a proposed redevelopment area for a period of one year after the effective date of the Act if (i) the property is used exclusively as the member's primary residence, (ii) the member discloses the acquisition to the municipal clerk, (iii) the acquisition is for fair market value, (iv) the member acquires the property as a result of the property being publicly advertised for sale, and (v) the member refrains from voting on, and communicating with other members concerning, any matter when the benefits to the redevelopment project or area would be significantly greater than the benefits to the municipality as a whole. Effective January 1, 2007. 1/18/2006SenateFiled with Secretary by Sen. John J. Cullerton 1/18/2006SenateFirst Reading 1/18/2006SenateReferred to Rules 1/19/2006SenateAssigned to Local Government 2/1/2006SenateDo Pass Local Government; 009-000-000 2/1/2006SenatePlaced on Calendar Order of 2nd Reading February 2, 2006 2/2/2006SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff 2/2/2006SenateSecond Reading 2/2/2006SenatePlaced on Calendar Order of 3rd Reading February 7, 2006 2/14/2006SenateAdded as Chief Co-Sponsor Sen. Susan Garrett 2/14/2006SenateThird Reading - Passed; 057-000-000 2/14/2006HouseArrived in House 2/14/2006HousePlaced on Calendar Order of First Reading 2/15/2006HouseChief House Sponsor Rep. Timothy L. Schmitz 2/15/2006HouseFirst Reading 2/15/2006HouseReferred to Rules Committee 3/8/2006HouseAssigned to Revenue Committee 3/23/2006HouseRe-assigned to Local Government Committee 3/24/2006HouseFinal Action Deadline Extended-9(b) April 7, 2006 3/29/2006HouseHouse Amendment No. 1 Filed with Clerk by Local Government Committee 3/29/2006HouseHouse Amendment No. 1 Adopted in Local Government Committee; by Voice Vote 3/29/2006HouseDo Pass as Amended / Short Debate Local Government Committee; 008-000-000 3/29/2006HousePlaced on Calendar 2nd Reading - Short Debate 4/3/2006HouseSecond Reading - Short Debate 4/3/2006HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/6/2006HouseThird Reading - Short Debate - Passed 092-022-000 4/6/2006SenateSecretary's Desk - Concurrence House Amendment(s) 01 4/6/2006SenatePlaced on Calendar Order of Concurrence House Amendment(s) 01-April 7, 2006 4/6/2006SenateHouse Amendment No. 1 Motion to Concur Filed with Secretary Sen. John J. Cullerton 4/6/2006SenateHouse Amendment No. 1 Motion to Concur Referred to Rules 4/6/2006SenateHouse Amendment No. 1 Motion to Concur Rules Referred to Local Government 4/7/2006SenateHouse Amendment No. 1 Motion To Concur Recommended Do Adopt Local Government; 007-000-000 4/11/2006SenateHouse Amendment No. 1 Senate Concurs 057-000-000 4/11/2006SenatePassed Both Houses 5/10/2006SenateSent to the Governor 7/7/2006SenateGovernor Approved 7/7/2006SenateEffective Date January 1, 2007 7/7/2006SenatePublic Act . . . . . . . . . 94-1013